Electric Submersible Cables Market Prospects and Growth Assessment Presented Until the End of 2026

Electric submersible cables are used to provide power from surface power sources to the downhole electrical submersible pumps. These pumps are mainly used in the artificial lift of oil and gas resources, offshore drilling rigs, irrigation, mine dewatering, drinking water supply, sewage treatment plants, industries, fountains, sea water filtration plants, swimming pools, and aquariums. These cables are generally manufactured in flat and round cross-sections, and the selection of the type of cable depends upon the available clearance through which theses cables have to pass. The selection of a quality electric submersible cables is very important, as they can affect the operation and can lead to increase in maintenance costs and downtime of the equipment.

[USPRwire, Fri Aug 23 2019] Electric submersible cables are used to provide power from surface power sources to the downhole electrical submersible pumps. These pumps are mainly used in the artificial lift of oil and gas resources, offshore drilling rigs, irrigation, mine dewatering, drinking water supply, sewage treatment plants, industries, fountains, sea water filtration plants, swimming pools, and aquariums. These cables are generally manufactured in flat and round cross-sections, and the selection of the type of cable depends upon the available clearance through which theses cables have to pass. The selection of a quality electric submersible cables is very important, as they can affect the operation and can lead to increase in maintenance costs and downtime of the equipment.

Increase in number of electrical submersible pumps across major end-user industries such as oil & gas, agriculture, water & wastewater, etc. is expected to drive demand for electric submersible cables, as the demand for these cables is directly proportional to demand for electrical submersible pumps. Moreover, increasing depth of oil wells is also projected to drive the market in the near future. However, preference of gas lift method over of electrical submersible pump systems for shale gas production is likely to be a major restraint for the market. The world is moving toward unconventional sources of energy such as shale gas. Limited deployability of electrical submersible pump systems in shale gas is anticipated be a significant restraint for the market.

This report analyzes and forecasts the market for electric submersible cables at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global Electric Submersible Cables Market. It also covers impact of these drivers and restraints on demand for electric submersible cables during the forecast period. The report also highlights opportunities in the electric submersible cables market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global electric submersible cables market. Porter’s Five Forces model for the electric submersible cables market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, where in ESP cable type, insulation, and end-user industry are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global electric submersible cables market by segmenting it in terms of ESP cable type, insulation, and end-user industry. In terms of ESP cable type, the electric submersible cable market can be classified into ESP flat power cable and ESP round power cable. Based on insulation, the electric submersible cables market can be categorized into polypropylene and ethylene propylene diene monomer (EPDM). In terms of end-user industry, the market can be segmented into oil & gas, agriculture, mining, construction, and others. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for electric submersible cables in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides the actual market size of electric submersible cables for 2017 and estimated market size for 2018 with forecast for the next eight years. The global market for electric submersible cables has been provided in terms of revenue. Market revenue has been defined in US$ Million. Market numbers have been estimated based on ESP cable type, insulation, and end-user industry of electric submersible cables. Market size have been provided in terms of global, regional, and country level markets.

The global electric submersible cables market has been segmented as follows:

Electric Submersible Cables Market, by ESP Cable Type

ESP Flat Power Cable

ESP Round Power Cable

Electric Submersible Cables Market, by Insulation

Polypropylene

Ethylene Propylene Diene Monomer (EPDM)

Electric Submersible Cables Market, by End-user Industry

Oil & Gas

Agriculture

Mining

Construction

Others

Electric Submersible Cables Market, by Region

North America

S.

Canada

Europe

Germany

K.

Russia & CIS

Norway

Rest of Europe

Asia Pacific

China

India

Australia

ASEAN

Rest of Asia Pacific

Latin America

Brazil

Mexico

Venezuela

Rest of Latin America

Middle East & Africa (MEA)

GCC

South Africa

Nigeria

Rest of Middle East & Africa

Key Takeaways

The ESP flat power cable segment accounts for a prominent share due high demand for the cables from end-user industries

Analysis and benchmarking of electric submersible cable pricing across all the regions

Recovering crude oil prices and maturing oil wells and depleting oil reservoirs along with increasing demand for electrical submersible pumps are expected to drive the electric submersible cables market in the near future

In terms of end-user, the oil & gas industry segment is anticipated to expand at a significant rate during the forecast period

EPDM is the major insulation segment for electric submersible cables

Europe is anticipated to dominate the market during the forecast period

The market in Middle East & Africa is expected to expand at a significant rate during the forecast period among all the regions

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower

90, State Street

Suite 700

Albany, NY - 12207

United States Telephone: +1-518-730-0559

Email: sales@mrrse.com

Company: MRRSE

Contact Name: MRRSE

Contact Email: info@mrrse.com

Welcome to the new-look USPRwire – we’ve given the site an entirely new redesign, but we still offer the same, long-term exposure of your content to editorial teams around the world. Contact us today if you’d like to know more about our services, or go ahead and submit your news immediately.